Piyush Goyal sounds poll bugle: Direct cash to farmers, pension for unorganised workers, tax break for middle class

The budget, the last before the country votes for a new Lok Sabha in April-May, also broke the convention of not announcing major income tax changes when governments are in transition.

from Moneycontrol Business News http://bit.ly/2MIJGlc

Japan#39;s Honda Motor third quarter profit drops 40% on discounting, quality costs

Japan#39;s third-biggest automaker posted profit of 170.1 billion yen ($1.56 billion) for October-December, from 284.5 billion yen in the same period a year earlier.

from Moneycontrol Business News http://bit.ly/2MLMAFH

Sony reports best-ever quarterly profit on strong music business

Sony on February 1 said its third-quarter profit increased to 376.99 billion yen ($3.46 billion) from 350.84 billion yen a year earlier.

from Moneycontrol Business News http://bit.ly/2DOxVHg

Budget 2019: Centre brought Rs 1.3 lakh crore under tax net after demonetisation

Goyal credited demonetisation as the reason for the seizure of black money and properties

from Moneycontrol Business News http://bit.ly/2MNIsW0

Budget 2019: LED bulbs led to savings of Rs 50,000 crore in annual electricity bills

Finance minister Piyush Goyal said that 143 crore LED bulbs have been distributed so far.

from Moneycontrol Business News http://bit.ly/2BgvpHV

Ashok Leyland January sales rise 9% to 19,741 units

Medium heavy commercial vehicle sales, which majorly contributes to total sales, increased by 8 percent to 14,694 units YoY including trucks growth of 9 percent and bus 1 percent YoY.

from Moneycontrol Business News http://bit.ly/2Tm9Hcp

Budget 2019: Centre bought Rs 1.3 lakh crore under tax net after demonetisation

Goyal credited demonetisation as the reason for the seizure of black money and properties

from Moneycontrol Business News http://bit.ly/2BdA0dY

Budget 2019: GeM platform saw transactions worth Rs 17,500 crore in last 2 years, says Piyush Goyal

The commerce and industry ministry launched the GeM in August 2016 with the objective of creating an open and transparent procurement platform for government departments and agencies.

from Moneycontrol Business News http://bit.ly/2UwFo3e

Budget 2019: GeM platform saw transactions worth Rs 17,500 cr in last 2 years, says Piyush Goyal

The commerce and industry ministry launched the GeM in August 2016 with the objective of creating an open and transparent procurement platform for government departments and agencies.

from Moneycontrol Business News http://bit.ly/2t2BByA

Budget 2019: Rural roads see an allocation of Rs 19,000 crore under Gram Sadak Yojana

In a bid to achieve complete road connectivity in rural areas under PMGSY by March 2019, the allocation saw a jump of over Rs 4,000 crore against last year

from Moneycontrol Business News http://bit.ly/2HMtW1M

Budget 2019: Govt announces mega pension scheme for unorganised sector, workers to get Rs 3,000 per month after retirement

The money will be directly transferred to the bank accounts of the beneficiaries, possibly linked with Aadhaar.

from Moneycontrol Business News http://bit.ly/2sVtrIy

Interim Budget 2019-20: Key highlights of FM Piyush Goyal#39;s Budget speech

Here are the key highlights from Finance Minister Piyush Goyal#39;s Interim Budget 2019-20

from Moneycontrol Business News http://bit.ly/2UuXjqT

Budget 2019: Govt announces mega pension scheme for unorganised sector, workers to get Rs 3,000 after retirement

The money will be directly transferred to the bank accounts of the beneficiaries, possibly linked with Aadhaar.

from Moneycontrol Business News http://bit.ly/2G1J1L5

Senior group president Pralay Mondal resigns from Yes Bank

Mondal will serve notice till March 31

from Moneycontrol Business News http://bit.ly/2Gf58gD

LafargeHolcim completes sale of $1.75 billion Indonesian unit

LafargeHolcim said last year it wanted to raise around 2 billion Swiss francs ($2.01 billion) from selling assets and could leave two or three countries to concentrate on the United States, Latin America, India and Africa.

from Moneycontrol Business News http://bit.ly/2G2IVTG

Budget 2019: Centre allocates Rs 64.5k crore for Railways for 2019-20, up by 17.24%

The expenditure amount was up from Rs 1.46 lakh crore set aside during the union budget of 2018-19.

from Moneycontrol Business News http://bit.ly/2WxCAEF

Market likely to be rangebound until Lok Sabha polls: Kotak MF

"Most market participants are expecting some sort of initiatives in the segments where some stress is building up," he said.

from Moneycontrol Market Outlook http://bit.ly/2Rvcgax

Budget 2019: FM Piyush Goyal targets 8 crore free LPG connections under Ujjwala scheme by 2020

Under the scheme, the government provides a subsidy of Rs 1,600 to state-owned fuel retailers for every free LPG gas connection that they give to poor households.

from Moneycontrol Business News http://bit.ly/2DOtwEe

Budget 2019: MNREGA allocation up 9% to Rs 60,000 crore

In last year#39;s Budget, the Finance Ministry had allocated Rs 55,000 crore for employment guarantee scheme.

from Moneycontrol Business News http://bit.ly/2Gbenyl

Budget 2019: Will PM Modi appease voters with this pre-election budget?

Deputy executive editor Gaurav Choudhury talks to author and journalist Rashid Kidwai to discuss these issues.

from Moneycontrol Business News http://bit.ly/2G2oNRl

Budget 2019: Govt revises FY19 fiscal deficit target at 3.4 percent of GDP

The government had earlier pegged fiscal deficit target at 3.3 percent of GDP for the financial year 2018-19.

from Moneycontrol Business News http://bit.ly/2TqP1Ab

Budget day live 2019 | Economy and Markets

Deputy Executive Editor, Ravi Krishnan and Editor, Santosh Nair discuss how this government#39;s last Budget will affect the economy and the market sentiment.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/budget-day-live-2019-|-economymarkets_12042581.html

Vedanta: Corporate governance concerns overshadows Q3Â earnings

Vedanta#39;s near term outlook may be clouded due to questionable use of cash and subdued global macro outlook

from Moneycontrol Business News https://www.moneycontrol.com/news/business/vedanta-corporate-governance-concerns-overshadows-q3 earnings_12042521.html

India#39;s factory activity unexpectedly accelerates in January - PMI

The index was above the 50-mark separating growth from contraction for an 18th straight month, its longest stretch of expansion since November 2015.

from Moneycontrol Business News http://bit.ly/2RtxCoH

Maruti Suzuki January sales beat expectations, up 0.2% at 1.51 lakh units

Passenger car sales for the month dipped 4.1 percent to 1.01 lakh units dented by compact (Swift, Celerio, Ignis, Baleno and Dzire) and mid-size (Ciaz) segments which declined 3.5 percent and 42 percent respectively.

from Moneycontrol Business News http://bit.ly/2DOclCA

Seeking growth sources as Switch sales slow: Nintendo chief

Shuntaro Furukawa told reporters on February 1 that sales in the current quarter are still going strong though they will likely be 3 million machines less than earlier estimated, at 17 million units.

from Moneycontrol Business News http://bit.ly/2MKQAWY

Poland exported 5,500 pounds of meat from sick cows to EU

No veterinarians were present for the slaughter although the meat was marked as having followed that required legal procedure.

from Moneycontrol Business News http://bit.ly/2Tl2OZa

Jet Airways accepts Etihad bailout plan: Report

Both the airlines are set to sign a memorandum of understanding within days, which would result into stepping down of Jet Airways founder Chairman Naresh Goyal from the board of directors, the report said.

from Moneycontrol Business News http://bit.ly/2Rvxl4L

China US relations at #39;critically important#39; stage: Xi Jinping to Donald Trump

The talks come as the March 1 deadline of the 90-day truce on US-China trade tariffs inches closer.

from Moneycontrol Business News http://bit.ly/2WyOcHq

Budget 2019: Make or break for Modi government?

Sakshi Batra and Gaurav Choudhury discuss what is likely to come out of the finance minister#39;s briefcase and how important this budget is for the Modi government

from Moneycontrol Business News http://bit.ly/2RzhodW

Venezuela plans to fly Central bank gold reserves to UAE

The United States, which is backing an attempt by the opposition to oust Maduro and call new elections, warned bankers and traders on January 30 not to deal in Venezuelan gold.

from Moneycontrol Business News http://bit.ly/2Uwi6dO

Podcast: Let's talk business & markets

Tune in! Your daily digest of market news, views and cues for today's session

from Economic Times http://bit.ly/2WxLkLa

Escorts reports 12.7% growth in tractor sales for January; exports surge 47%

Its domestic sales rose by 12 percent to 5,762 units against 5,160 units during the corresponding month of last year.

from Moneycontrol Business News http://bit.ly/2DM7fGN

Oil caught between trade talk hopes, weak China data

International Brent crude oil futures were at $60.87 per barrel at 0244, 3 cents aboe their last close.

from Moneycontrol Business News http://bit.ly/2S2zuK4

Amazon sales outlook falls short after record holiday quarter

Shares of the company fell 5 percent to $1,635 after the bell.

from Moneycontrol Business News http://bit.ly/2UvPXTV

Donald Trump says wants big trade deal with China or will #39;postpone#39; it

The world#39;s two largest economies are trying to strike a deal on trade by early March to avoid a planned increase in the tariff rate being imposed on Chinese imports by the United States.

from Moneycontrol Business News http://bit.ly/2S3elj2

Electric carmaker Tesla#39;s shares fall after surprise CFO exit

Elon Musk remained upbeat about the company#39;s prospects and sales, saying that while 2018 was a challenging year, it also was the most successful.

from Moneycontrol Business News http://bit.ly/2GekhPe

Amazon removes numerous products from India site as new e-commerce rules bite

Clothing from Indian department store chain Shopper#39;s Stop was also no longer available, as Amazon owns 5 percent of the company.

from Moneycontrol Business News http://bit.ly/2Wzu7kc

Oil nudges higher as OPEC reduces output

International Brent crude oil futures had yet to trade, after closing up 0.4 percent in the previous session.

from Moneycontrol Business News http://bit.ly/2S0hYGv

Comment | GDP does not stand for ‘Grossly Distorted Picture’

The real GDP growth rate for 2016-17, the year of demonetisation, has been revised upwards from 7.1 percent to 8.2 percent.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/comment-|-gdp-does-not-stand-for-‘grossly-distorted-picture’_12041301.html

First Cut | UPL Q3FY19 review: Healthy performance but one-off affects net margins

Revenue saw a healthy 17.3 percent YOY uptick with EBITDA up 31 percent YOY and EBITDA margins inching around 199 basis points upwards

from Moneycontrol Business News https://www.moneycontrol.com/news/business/first-cut-|-upl-q3fy19-review-healthy-performanceone-off-affects-net-margins_12041001.html

Let#39;s look at how the prices of food items fared under Modi government

Here are the prices of different food items between 2014 to 2018 under Modi government.

from Moneycontrol Business News http://bit.ly/2Sgu0e3

Here#39;s how India#39;s digital growth story fared under Narendra Modi government

Data shows that the Modi government has pushed for an increase in the use of mobile wallets, and an overall increase in digital transactions and communication.

from Moneycontrol Business News http://bit.ly/2HKybuH

Ola losses narrow to Rs 2,842 cr for FY18; revenue zooms 61%

Ola, which is locked in a bruising battle for market leadership in the Indian market against American rival Uber, had registered a loss of Rs 4,897.8 crore in FY2016-17.

from Moneycontrol Business News http://bit.ly/2HJkmwu

Where does the government generate revenue and where is it spent

A majority of the capital generated is spent on states’ taxes and duties, interest payments, defence and subsidies.

from Moneycontrol Business News http://bit.ly/2TopeJ5

Bharti Airtel loses 5.7 cr mobile customers in December 2018

According to subscriber base report of telecom regulator Trai, Airtel had 34.1 crore mobile customers at the end of November, implying the company lost around 5.7 crore customers in December.

from Moneycontrol Business News http://bit.ly/2sWJs0C

RBI lifts lending curbs on BoI, BoM, OBC

"It has been decided that Bank of India (BoI) and Bank of Maharashtra (BoM) which meet the regulatory norms including Capital Conservation Buffer (CCB) and have Net NPAs (non-performing assets) of less than 6 percent as per third quarter results, are taken out of the PCA (prompt corrective action) framework subject to certain conditions and continuous monitoring," the RBI said in a statement.

from Moneycontrol Business News http://bit.ly/2TkLlzL

Centre revises FY18 GDP growth rate to 7.2% from 6.7%

It has also revised its FY18 nominal GDP growth to 11.3 percent, up from 10.0 percent earlier.

from Moneycontrol Business News http://bit.ly/2GcOEW6

US firm Biochem to set up Rs 3,000-cr bio-refinery in Gujarat

The proposed bio-refinery is expected to create 2,000 new jobs in the region, said an official statement, adding the project will be operational over the next 24-30 months.

from Moneycontrol Business News http://bit.ly/2G0ajlg

Trade Setup for Friday: Top 15 things to do before Opening Bell

Ideally looking at Thursday#39;s rally the market could head towards its upper end of consolidation range (10,950), but as it is a Budget day, there could be rangebound trade, experts said.

from Moneycontrol Market Outlook http://bit.ly/2Bge3Lj

PNB plans to dilute minor stake in life insurance JV

There was no word from the management on a media report of its partner Metlife increasing its stake in the venture, which has filed to come out with an IPO this year.

from Moneycontrol Business News http://bit.ly/2Sf727g

Dabur CEO says domestic sentiment in rural markets to gain pace

Management’s positive commentary on the steady rural growth outlook was a key relief

from Moneycontrol Business News http://bit.ly/2GdiDx5